Yes, we have all been affected by the downturn in the economy. Even with the recent market rebound, most of us can still see a reduction on the value of our investments, our home values readjusted, or the loss of a job. However, this might just be the push that you have been waiting for. Some of the present owners will tell you that is exactly brought them into this business. They were tired of being at the mercy of their company or the economy. They were looking for job security! They will also share that it was one on the best things that ever happened to them. The independence of business ownership, opportunity to meet great people, and a lifestyle second to none are powerful draws.
Of course, you canʼt buy a business at just any price – it has to be the right price. If a resort or campground can demonstrate positive cash flow after debt payments and operating expenses, it is certainly in the right ball park. Consider the physical assets, (lake shore, land and buildings), the ownerʼs home, equipment included.
Without question, it is hard to take the plunge into owning your own business during tough economic times – but check your town and community. It is exactly the time that a lot of savvy business minds choose to do just that! I think it is fair to say there is more “upside” potential in tough times than in good.
Our resort experts can help you determine if the “resorting life” is for you. Call us to talk about pricing policies, down payment requirements and current market conditions for our existing resort and campground business.
Your Business In an Economic Downturn
Yes, we have all been affected by the downturn in the economy. Even with the recent market rebound, most of us can still see a reduction on the value of our investments, our home values readjusted, or the loss of a job. However, this might just be the push that you have been waiting for. Some of the present owners will tell you that is exactly brought them into this business. They were tired of being at the mercy of their company or the economy. They were looking for job security! They will also share that it was one on the best things that ever happened to them. The independence of business ownership, opportunity to meet great people, and a lifestyle second to none are powerful draws.
Of course, you canʼt buy a business at just any price – it has to be the right price. If a resort or campground can demonstrate positive cash flow after debt payments and operating expenses, it is certainly in the right ball park. Consider the physical assets, (lake shore, land and buildings), the ownerʼs home, equipment included.
Without question, it is hard to take the plunge into owning your own business during tough economic times – but check your town and community. It is exactly the time that a lot of savvy business minds choose to do just that! I think it is fair to say there is more “upside” potential in tough times than in good.
Our resort experts can help you determine if the “resorting life” is for you. Call us to talk about pricing policies, down payment requirements and current market conditions for our existing resort and campground business.